Age, Biography and Wiki

Charlie Shrem (Charles Shrem IV) was born on 25 November, 1989 in Brooklyn, New York City, New York, United States, is an American entrepreneur. Discover Charlie Shrem's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 34 years old?

Popular As Charles Shrem IV
Occupation Founder & CEO, BitInstant (2011–13) Vice Chairman, Bitcoin Foundation (2012–14) Founder & CTO, Intellisys Capital (2016–17) Director of Business & Community Development, Jaxx (2017–present) Founder, CryptoIQ (2017-present)
Age 34 years old
Zodiac Sign Sagittarius
Born 25 November, 1989
Birthday 25 November
Birthplace Brooklyn, New York City, New York, United States
Nationality United States

We recommend you to check the complete list of Famous People born on 25 November. He is a member of famous Founder with the age 34 years old group.

Charlie Shrem Height, Weight & Measurements

At 34 years old, Charlie Shrem height not available right now. We will update Charlie Shrem's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Charlie Shrem's Wife?

His wife is Courtney M. Shrem

Family
Parents Not Available
Wife Courtney M. Shrem
Sibling Not Available
Children Not Available

Charlie Shrem Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Charlie Shrem worth at the age of 34 years old? Charlie Shrem’s income source is mostly from being a successful Founder. He is from United States. We have estimated Charlie Shrem's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Founder

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Timeline

1989

Charles Shrem IV (born November 25, 1989) is an American entrepreneur and bitcoin advocate.

He co-founded the now-defunct startup company BitInstant, and is a founding member of the Bitcoin Foundation.

2009

In 2009, while attending Brooklyn College, Shrem launched the start-up Daily Checkout, a daily deal website that sold refurbished used goods.

2011

As a college senior in 2011, Shrem started investing in bitcoin.

Soon after, the bitcoin service Shrem was using crashed, and he lost his bitcoins.

Shrem and Gwen Nelson, a friend he met online, had similar frustrations with the length of time it took to buy and sell bitcoin on exchange sites.

They started BitInstant, a more user-friendly company that charged a fee for users to purchase and make purchases with bitcoins at over 700,000 locations, providing temporary credit to speed up transactions.

Initially a side project, BitInstant soon needed to grow, at which point Shrem received a $10,000 loan from his mother.

BitInstant operated from September 2011 until July 2013.

Shrem has described himself as a bitcoin purist, who believes in bitcoin as a technology that will help the world by allowing citizens to protect their money without banks and other traditional financial institutions.

2012

He is an alum of Yeshivah of Flatbush, and graduated from Brooklyn College in 2012 with a Bachelor of Science in Economics and Finance.

While in high school, Shrem started Epiphany Design and Production, a company that fixed printers and computers.

The company was acquired by BlueSwitch in 2012.

Shortly thereafter, BitInstant received $125,000 from angel investor Roger Ver, and, in the fall of 2012, $1.5 million from a group of investors led by Winklevoss Capital Management.

He is a founding board member of the Bitcoin Foundation, founded in 2012 with a mission to standardize and promote bitcoin.

2013

By 2013, BitInstant was processing approximately 30% of all bitcoin transactions.

He is a co-owner of Manhattan bar EVR, which opened in 2013 and, in April of that year, became the first bar in New York to accept bitcoin as a form of payment.

2014

In 2014 he was sentenced to two years in prison for aiding and abetting the operation of an unlicensed money-transmitting business related to the Silk Road marketplace.

He was formerly vice chairman, resigning after his January 26, 2014 arrest.

After his release from house arrest in May 2014, Shrem spoke at bitcoin industry events, worked as a business development consultant for payments startup Payza, and advised two Brooklyn Holiday Inn hotels on preparations to accept bitcoin for payment.

On January 26, 2014, on returning from an e-commerce convention, Shrem was arrested at JFK Airport.

Prosecutors alleged that Shrem and Robert Faiella conspired to launder $1 million worth of bitcoins to help users of the Silk Road marketplace anonymously make illegal purchases.

Shrem was also charged with failing to report suspicious banking activity and operating an unlicensed money-transmitting business.

He was released on $1 million bail on January 28, 2014, on the condition that he submit to electronic monitoring and live with his parents in their Marine Park, Brooklyn home.

Shrem was indicted on April 10, 2014 on accusations of "operating an unlicensed money transmitting business, money laundering conspiracy and willfully failing to file suspicious activity reports with banking authorities."

On September 4, 2014, he pleaded guilty to a reduced charge of aiding and abetting unlicensed money transmission.

2016

He was released from prison in 2016.

On November 22, 2016, Shrem announced a new venture, Intellisys Capital.

He served as chief technology officer, alongside co-founder and CEO Jason Granger.

The startup's fund, Mainstreet Investment LP, planned to offer cryptocurrency tokens issued on the ethereum blockchain representing shares in a portfolio of companies involved in manufacturing, real estate and sanitary waste.

Owners of the tokens would own a piece of the companies in the portfolio.

The fund would be 30% owned by token holders, with the remaining 70% owned by Intellisys Capital.

2017

In 2017, he joined Jaxx and served as its chief operating officer, and founded cryptocurrency advisory CryptoIQ.

Shrem was born and raised in Brooklyn, New York to a Syrian Jewish family.

The proposed fund was dissolved in March 2017.

In May 2017, Shrem joined Jaxx as its director of business and community development, later serving as chief operating officer.

The multi-platform blockchain cryptocurrency wallet developed by Decentral enables users to control their digital assets.

In 2017, Shrem became involved in the cryptocurrency Dash, proposing the creation of a debit card that could be loaded with Dash coins, which would be converted into the local currency for the cardholder to make purchases.

Shrem is the founder of CryptoIQ, an advisory business aiming to bring cryptocurrencies into the mainstream.

2018

In November 2018 Shrem announced a partnership with Internet operating system Friend as an advisor.